Credit: Shutterstock photoComex Gold (GC)
Gold's fall was contained above 1547.6 last week and recovered; it is bound inside a range of 1547.6/1625.7.
Initial bias is Neutral this week for some more sideway trading IMO
On the downside: break of 1547.6 will possibly bring a new low below 1526.7, but be cautious for reversal signal again as it approaches the 1500 psych mark.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
